Which One of the Following Is Not an External User

question 169

Multiple Choice

Which one of the following is not an external user of accounting information?

• A) Regulatory agencies.
• B) Customers.
• C) Investors.
• D) All of these are external users.

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Definitions:

Payments

The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.

Principal

The amount of money originally invested or loaned, on which basis interest and returns are calculated.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a one-year period.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, to be paid over a specified period.